Nigeria’s consumer credit market contracted by N939 billion in 2025 as high interest rates, tighter lending conditions and elevated credit...
...raises concerns over household spending, manufacturing growth, jobs
Nigeria’s consumer credit market contracted by N939 billion in 2025 as high interest rates, tighter lending conditions and elevated credit risks made it harder and less attractive for households to borrow, raising concerns o
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Nigeria's consumer credit declined by 20% to N3.78tn in 2025, the first drop in six years, as high interest rates impacted…
Nigeria's consumer credit fell by N780bn in February 2026 due to high borrowing costs, despite improving economic conditions.…
Commercial bank credit to Nigeria's manufacturing sector declined by 22.5% in 2025, raising concerns from MAN about industrial…
Nigerian banks accumulated more liquidity in the first four months of 2026, but lending to businesses saw a major decline despite…
Personal loans in Nigeria surged to N1.96tn in January 2026, driving consumer credit growth. Discover the latest CBN report on…
Nigeria's private sector credit surged to N83.3tn in June 2026, a 2.8% rise. Discover how this lending growth impacts businesses…
